Royce & Associates LP Purchases 18,545 Shares of Movado Group, Inc. (NYSE:MOV)

Royce & Associates LP boosted its holdings in Movado Group, Inc. (NYSE:MOV - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,475,354 shares of the company's stock after purchasing an additional 18,545 shares during the period. Royce & Associates LP owned about 6.66% of Movado Group worth $29,035,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in Movado Group during the third quarter worth about $78,000. FMR LLC increased its stake in shares of Movado Group by 393.0% during the 3rd quarter. FMR LLC now owns 7,400 shares of the company's stock worth $138,000 after purchasing an additional 5,899 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Movado Group in the 4th quarter worth approximately $201,000. Intech Investment Management LLC purchased a new position in Movado Group in the third quarter valued at approximately $200,000. Finally, Quantbot Technologies LP bought a new position in Movado Group during the third quarter valued at $244,000. Institutional investors own 72.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MOV. BWS Financial started coverage on Movado Group in a research report on Thursday, January 2nd. They set a "buy" rating and a $31.50 price target on the stock. StockNews.com downgraded shares of Movado Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

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Movado Group Stock Performance

MOV stock traded down $0.13 during midday trading on Thursday, reaching $17.97. 100,788 shares of the company's stock traded hands, compared to its average volume of 185,973. The firm has a market capitalization of $397.91 million, a PE ratio of 17.28 and a beta of 0.96. The company has a 50-day moving average price of $19.12 and a two-hundred day moving average price of $19.44. Movado Group, Inc. has a 52 week low of $17.24 and a 52 week high of $28.26.

Movado Group Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.